The best combination for your budget would be a city with plenty of high-wage employment opportunities and a low cost of living so you can have enough money after expenses to save for the future.

GOBankingRates' study breaks down essential cost-of-living factors to show you the best places to live if you want to save money — and which cities make it almost impossible to save.

The study looked at factors that affect people’s finances the most: median income, median home listing price, median rent, unemployment rate, average gas price and average cost of a basket of 15 common grocery items.

Most of the best places to save money on this list are in the South and Midwest. Cheaper housing costs in these places play a big role in why they rise to the top of the list, said Kristen Bonner, the GOBankingRates research lead for this study. "Gas prices are also relatively cheaper in the South and Midwest compared to the states on the West and East coasts," she said.

If you want to improve your finances, scroll down to check out the cost of living in the top 15 cities that are the best for saving money. You might find that you need to reevaluate your living situation along with your budget.

15. Garland, Texas

This suburb of Dallas is more affordable than its much larger neighbor, which is in the No. 49 spot in this ranking. Although the median income in Garland is slightly below the national median income of $53,482, housing costs are relatively low. Plus, Texas is one of seven states that doesn’t have an income tax, so residents can keep more of their paycheck and stash it in a savings account.

Colorado Springs, Colorado.Wikimedia Commons

14. Colorado Springs, Colo.

Colorado Springs ranks as one of the best places for lovers of the outdoors, but it’s also a great place for savers. Just 60 miles south of Denver, Colorado Springs offers a more affordable alternative to Colorado’s capital, which is 69th on GOBankingRates' list of the best places for saving money. The median home list price and median rent in Denver are more than 35 percent higher than in Colorado Springs. That means residents of Colorado Springs have more room in their budgets to save.

Oklahoma City, Oklahoma.Shutterstock

13. Oklahoma City, Okla.

Even though Oklahoma City is the largest city in Oklahoma — and the capital — it doesn’t have a big-city price tag. Relatively low housing, gas and grocery costs leave residents more room in their budgets to save.

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12. Austin, Texas

The capital of Texas is known for its live music scene, trendsetting restaurants and South by Southwest festival. But Austin isn’t just a place for music lovers, foodies and techies — it’s a great place for savers. Gas and grocery costs are low, and housing costs are manageable in a city with a median income that tops the national median income.

Arlington, TexasGoogle Images

11. Arlington, Texas

This city makes GOBankingRates' list of best places for savers for the second year in a row. Arlington is another Dallas suburb that’s more affordable than its bigger neighbor. Its relatively low housing costs and daily expenses, along with a median income that’s on par with the national median income, give the city’s residents a greater ability to save

Tulsa, Oklahoma.Shutterstock

10. Tulsa, Okla.

Like Oklahoma City, the state’s second-largest city is a great place for savers. Although the median income in Oklahoma City is higher, lower housing costs in Tulsa offset the difference and land it higher in this ranking.

9. Omaha, Neb.

Notoriously frugal billionaire Warren Buffett lives in this Midwestern city that ranks as one of the most affordable places to live. It has the lowest unemployment rate on this list. Despite low housing costs, the median income is relatively low, which is why Omaha doesn’t rank higher on this list of best places for savers.

8. Fort Wayne, Ind.

Fort Wayne returns to the No. 8 spot in GOBankingRates' ranking, the same spot it earned in 2015. It has the cheapest median rent and cheapest median home list price among the best cities for savers. However, a relatively low median income leaves residents with less to save and prevents this city in northeastern Indiana from ranking higher.

Although bigger than Austin and Dallas, San Antonio boasts a lower cost of living, which means residents can afford to stash more in savings. You can even soak up the culture of this city for free by strolling along the top tourist destination in Texas — the San Antonio River Walk.

6. Virginia Beach, Va.

Virginia Beach has the lowest sales tax among the top 15 best cities for savers. Housing, grocery and gas costs also are relatively low in this city on the Atlantic Coast. Plus, a median income that’s well above the national median income helps make it easier to save in Virginia Beach than in many other cities.

5. Chandler, Ariz.

Housing costs in this suburb of Phoenix are actually higher than its much larger neighbor. But the median income is more than $25,000 higher in Chandler than in Phoenix, which ranks 31st on GOBankingRates' list. Higher wages help offset slightly higher housing costs, giving residents more ability to save in this city, which has a strong high-tech employment base.

4. Kansas City, Mo.

Kansas City is known for its barbecue and jazz, but it also offers affordable living. Fort Wayne is the only place among the top 15 best cities for savers that boasts lower median rent and home list prices than Kansas City. But Kansas City’s median income is higher, giving its residents a better chance to stash more in savings.

3. Lubbock, Texas

Home to Texas Tech University, Lubbock is called the Hub of the Plains. Although the median income level is lower than the national median income, the unemployment rate is low, as are housing costs. An affordable cost of living makes it easier to save in Lubbock.

2. Plano, Texas

Plano is a better city for savers than some of the better-known Texas cities on this list. Although Plano has the second-highest median home list price and highest median rent among the top 15 best cities for savers, it also has the highest median income, which means its residents have more to set aside in savings. With several major corporations headquartered in Plano, it’s been named America’s No. 1 city to find a job and the third hardest working city in America by Money Magazine.

Once known as the Hay Capital of the World, Gilbert is now a booming suburb of Phoenix with one of the highest median incomes in the state of Arizona. In fact, nearly 34 percent of the city’s population is characterized as “boomburbs” with a median household income of $105,000, according Gilbert economic development data.

Although housing costs are higher in Gilbert than in many of the other best cities for savers, they’re not the highest. And the high income there helps propel Gilbert to the top of this list.